XRP Spot ETFs Fail to Attract Persistent Demand in July

XRP's US-listed exchange-traded products (ETPs) saw a net outflow of about $2.6 million in July, despite years of anticipation and regulatory build-up.

The products did not fail because XRP collapsed; instead, they failed to maintain investor interest after the initial excitement wore off.

According to CoinGabbar, citing SoSoValue data, XRP-linked ETFs were down $2.66 million for July due to two sharp outflow days that wiped out smaller inflow sessions.

XRP's price held up relatively well, closing July with a 7.07% gain, but the token's demand remained thin despite its strong seasonal record and six straight green Julys.